According to the latest report by IMARC Group, titled “Smart Airport Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” provides an extensive analysis of the industry, including smart airport market outlook, share, trends, and growth opportunities. The report also covers competitor and regional analysis and the latest advancements in the global market. The global smart airport market size reached US$ 30.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 56.1 Billion by 2028, exhibiting a growth rate (CAGR) of 10.8% during 2023-2028.
Smart Airport Market Overview:
A smart airport refers to an airport that incorporates advanced technologies and innovative solutions to enhance operational efficiency, improve passenger experience, and ensure safety and security. Smart airports leverage a range of interconnected systems, including the Internet of Things (IoT), artificial intelligence (AI), big data analytics, and automation, to streamline processes, optimize resource utilization, and offer personalized services. In a smart airport, various areas and operations are transformed through technology integration. This includes passenger processing, where self-service kiosks, biometric authentication, and mobile apps enable seamless and efficient check-in, baggage drop-off, security screening, and boarding processes. Additionally, smart airports focus on enhancing the overall passenger experience by providing personalized services, such as targeted retail offerings, location-based notifications, and real-time flight updates. Operational efficiency is a key aspect of smart airports. Advanced technologies enable real-time monitoring and management of airport infrastructure, including air traffic control, baggage handling systems, parking, and facility maintenance. Apart from safety and security, smart airports also prioritize emergency response systems, including real-time incident management, crisis communication, and evacuation procedures.
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Global Smart Airport Market Trends:
The steady increase in global air passenger traffic represents one of the key factors driving the growth of the market across the globe. This, coupled with the widespread adoption of smart technologies and solutions to manage the rising number of passengers efficiently, improve security measures, and optimize overall operations, is acting as a major growth-inducing factor. The market is also driven by the rising focus of airport authorities on passenger experience by deploying smart technologies, including self-service kiosks, biometric authentication systems, mobile apps, and personalized services to streamline processes, such as check-in, baggage handling, security screening, and boarding. In line with this, significant advancements in technologies, such as the Internet of Things (IoT), artificial intelligence (AI), robotics, automation, and cloud computing, are contributing to the growth of the market. These innovations are widely deployed to streamline processes, improve decision-making, and deliver innovative services, which, in turn, is driving the growth of the market.
In addition to this, the increasing emphasis on operational efficiency, along with real-time monitoring of airport systems, predictive maintenance of infrastructure, intelligent resource allocation, and automated decision-making processes are facilitating the growth of the market. Apart from this, the rising use of advanced security systems, including biometric identification, facial recognition, and video surveillance, to enhance passenger safety and reduce security threats is driving the growth of the market. Other factors, including the increasing focus of the aviation industry on sustainability and reducing its environmental impact, increasing collaborations and connectivity, and the rising government regulations and initiatives to invest in smart technologies and systems, are creating a positive outlook for the market across the globe.
Competitive Landscape with Key Players:
The competitive landscape of the industry has also been examined along with the profiles of the key players being
- Amadeus IT Group SA
- Ascent Technology Inc
- Cisco Systems Inc.
- Collins Aerospace (Raytheon Technologies Corporation)
- Honeywell International Inc
- Huawei Technologies Co. Ltd
- Indra Sistemas S.A.
- International Business Machines Corporation
- Sabre Corp.
- Siemens AG
- T-Systems International GmbH
- Wipro Limited
Breakup by Type:
- Airport 2.0
- Airport 3.0
- Airport 4.0
Breakup by Size:
- Large
- Medium
- Small
Breakup by System:
- Wearables
- LPWAN and WLAN
- Tags and Sensors
- Platforms
- NFC, RFID and Bluetooth
- Wireless
- Others
Breakup by Operation:
- Aeronautical
- Non-Aeronautical
Breakup by End Market:
- Implementation
- Upgrade and Services
Breakup by Application:
- Airside
- Air Traffic Maintenance
- Aircraft Maintenance
- Passenger Screening and Experience
- Digital Video Surveillance and Management
- Building Management
- Intelligent Advertising
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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